Spread the cost with Buy Now Pay Later
Buy Now Pay later allows you to buy items today with no upfront payment and no repayments for up to 1 year!
Each buy now pay later Catalogue or finance deal with vary depending on the amount of money you borrow. This means you won’t need to make any repayments through the buy now pay later period and there will be no interest to pay as long as you clear the full balance before the buy now pay later period ends.
If you don’t clear the entire balance before the Buy Now Pay Later period ends then interest will be added. This is known as Deferred interest. Deferred interest will be backdated to the date of your order, increasing the amount you owe.
Buy Now Pay Later
Nothing to pay for a year*
Buy Now & Pay Later
Buy Now Pay Later Catalogues and Buy now pay later finance deals
We offer a wide range of Buy Now Pay later deals and buy now pay later catalogues. Buy now pay later credit is easy to understand. You don’t need to make any payments upfront and no payments whatsoever for the Buy Now Pay Later Period. Simply choose the offer that suits you. Remember, you can make monthly repayments towards your balance or make a full payment before the buy now pay later period ends. If you don’t clear the entire balance before the expiry date, interest will be back date and applied to your balance.
Oak Furniture Superstore is a family-run business with over 50 years’ experience in the furniture industry. Offering quality furniture at affordable prices, whilst providing an excellent shopping experience. Interest Free Credit available on orders over £800 (Subject to Status and Acceptance)
Buy Now Pay Later with Argos. The application takes just a few minutes to complete and you can look forward to an Instant Decision. Spread the cost of Game Consoles, Laptops, Smart Televisions and much more. Collect from store or choose home delivery. Click here to check out Buy Now Pay Later from Argos.co.uk
Look Again offer frequent Buy Now Pay Later options to their customers. Using this method means you will not be required to make monthly repayments for the items you choose, however, remember to clear the balance before the BUY NOW PAY LATER period ends to avoid interest.
Representative 34.9% APR variable
Argosup to 12 months /buy now pay later
- Up to 12 months buy now pay later
- Instant Decision
- Eligibility Checker
- Spread the cost on Toys, Electrical & more
- Up to £2000 initial Credit Limit
Look Againup to 12 months /buy now pay later
- Nothing to pay for up to 12 months*
- Buy Now Pay Later on Electrical, Fashion & more
- Only Available to Customers trading with Look Again for 9 months or more
- Instant Decision
Freemansup to 12 months /buy now pay later
- Up to 12 months Buy now pay later
- Buy now pay later on Gadgets, Electrical & More
- Only available to customers trading with Freemans for 9 months or more
- Instant Decision
Introducing Buy Now Pay Later
Buy now pay later takes the sting out of you having to make monthly repayments. When you use Buy now pay later credit you are agreeing to clear the entire balance in full by a set date.
Pay back in one lump sum or make payments towards the debt
You can do this in one lump sum payment or making payments as you choose through the buy now pay later period. Buy now pay later has become very popular
One of the benefits of using Buy Now Pay later is the fact you don’t have to commit to monthly repayments. You could in theory make no payments for up to 3 years.
Buy Now pay later interest and how it works
Interest is only charged if you don’t clear the entire balance before the Buy now pay later period ends.
Buy now pay later can Sting if interest is applied. So you should always try and clear the balance in full before the expiry date.
Buy now pay later interest is deferred, this means if you buy an item on Buy Now Pay Later terms you won’t be charged interest as long as you totally clear the outstanding finance by a set date.
If you don’t, deferred interest will be applied.
Deferred interest is the total interest (back dated to your order date) and this becomes due on top of the current balance.
This works out very expensive, which is why Buy Now Pay Later is only suitable to those 100% confident they can clear the entire balance owed within the set time frame.
How to apply for Buy Now Pay Later Credit
The internet has seen Buy now pay later options increase. You can buy now pay later on furniture, White goods for your kitchen, Gadgets and even car tyres.
Before the internet, Buy Now Pay later was only really offered on furniture such as Sofa’s.
Now, you can buy now and pay later on pretty much anything.
Buy Now Pay Later Catalogues
Pay monthly catalogues now also offer Buy now pay later deals. This works the same way as Buy now pay later finance options. You choose the items you want to buy, add them to your basket and choose the Buy Now Pay Later option.
The buy now pay later catalogues are a little easier to get accepted for as Catalogues are great for accepting customers with a less than perfect credit history. Find out more here
Buy now pay later Application & Responsible Lending
Before you take out a Buy Now Pay later credit or finance package, ensure you know what you are spending.
Factor in the interest and what the final cost could be if you miss the Buy now pay later period.
Once you are sure you know the costs and the ins and outs of buying now and paying later you can submit your application.
Applying to buy using Buy now pay later
Applying for a Buy Now Pay Later option will require you to complete a short application (unless you already have an account with the company).
The application will ask for your full name, address, postcode, time at address, date of birth, employment status and income.
In nearly all cases, this will also require a Credit Check, however, some of our partners such as Argos will accepted people with pervious Credit problems including Defaults.
Like most other Credit Products, Responsible lending will be an important factor any lender will consider.
If you have an income of £10,000 and already have £14,000 of unsecured debt it’s unlikely you will be accepted for further credit.
Buy now pay later eligibility checker
Argos will offer a Soft Search option, this means, although they will access your Credit Report, this will not be a full Credit Search, instead it will be an indication of the chances you will be accepted or not.
If you are given an indication of acceptance and wish to proceed a full Credit check will be carried out.
Bad credit buy now pay later
Having bad credit doesn’t mean you won’t be accepted.
We had defaults when we applied for the Argos Credit facility and was approved.
Each lender will have it’s own requirements, so if you have bad credit and have suffered late payments, defaults or made too many applications in a short period of time you could still be approved.
Buy now pay later catalogues are usually a little easier to get accepted for than the main stream lenders. You can find out about Buy now pay later catalogues here.
Improving your credit rating
Always be sure to read and fully understand any contract you enter into.
Ensure you know the period of the Buy Now Pay Later and mark it into your Diary so you are sure to clear the full outstanding balance within that period.
If you forget, all of the deferred interest will be applied, this increases your debt and could make repayments much higher.
Using and paying back buy now pay later will help towards improving your credit rating (as long as you maintain any other financial agreements you have)
Buy Now Pay Later Credit
Who offers Buy Now Pay Later Credit and what can you buy?
You can buy pretty much anything you like on buy now pay later these days. From Car Tyres through to high end gadgets, television sets, furniture and even a fully installed kitchen.
There are now millions of items you can using buy now and pay later.
Buy now pay later Catalogues
Some Catalogue companies are now offering Buy Now Pay Later options.
It gives some breathing space to customers who want the latest items without the hassle of making monthly repayments
When does the Buy Now Pay Later Period end?
When you choose to buy using a Buy Now Pay Later Credit option you will be told how long the Buy Now Pay Later or BNPL period is.
Usually the more you spend the longer the Buy Now Pay Later period will be.
Will I be charged Interest?
Only if you don’t clear the full outstanding balance before the buy now pay later period ends. You will need to ensure you clear everything. If you don’t remember the entire interest will be back dated to the time of your order and added to your balance.
Which Catalogue companies offer Buy Now Pay Later credit?
Littlewoods, Very.com, Argos, Freeman’s and Look Again all offer buy now pay later to it’s customers.
Freemans and Look again will only offer this option once you have been a customer for a minimum of 9 months.
Do I need to make Monthly repayments?
You don’t need to make monthly repayments but you can if you choose. Making payments towards the debt from time to time is a good way to get the debt down and helps towards making your final repayment easier.
What is Deferred interest?
Deferred interest will increase your debts considerably and is added to your debt once the buy now pay later period ends if you still have any outstanding balance.
When you buy something using buy now pay later you will be offered a period.
Usually this is anything from 3 months to 3 years. It will be clearly displayed at the time you place your order.
So for example, if you buy something on the 1st April 2018 and are offered a buy now pay later for 12 months you will have no payments to make upfront and no payments to due until 31st March 2019.
If you don’t clear all of the balance by the 31s March 2019 then interest back dated to April 1st 2018.
This will be applied automatically and added to the debt.
The amount that will be added will depend on the APR.
This should all clearly be displayed at the time you place the order.
If you don’t understand the terms, do not sign the agreement.
Remember to also consider your own financial circumstances, you may be able to afford the repayments now, but are you sure you will be able to afford them in 12 months time?
What if I can’t afford to repay my Buy Now Pay Later Credit
It’s a situation some people do find themselves in. Buy Now Pay Later Credit appears handy and wonderful at the time of the order.
However situations can and do change, it could be unplanned like having a baby or a period of unemployment.
Try to make repayments as often as you can to bring down the buy now pay later balance and if you know there is going to be a problem clearing the debt before the period ends see if you can maybe apply for a 0% purchase credit card. This way you could give yourself more breathing space against interest.
Monthly Instalments after buy now pay later period ends
If interest does get added, it’s likely the debt will increase a lot. Depending on who you choose to buy now pay later, you may be able to spread the repayments out in monthly instalments once the Buy Now Pay later period ends.
This will of course include the interest, check the terms and conditions to find out if this option is available to you.
Buy now pay later Credit Check
If you are new to the company you are wanting to use Buy now Pay later with then it’s very likely that the company will carry out a few checks, these include Affordability, Credit Checks and Identity checks. g
If you have a spotty or poor credit rating you may find it hard to get accepted some companies offering buy now pay later.
Usually buy now pay later credit is aimed more at customers with a good or excellent credit rating.
Argos can accept people with a less than perfect credit rating, so if you are looking to spread the cost using buy now pay later, be sure to check out Argos.
If you already hold a Catalogue account and that catalogue offers buy now pay later, you will not be required to undergo a credit check.
However, remember, Buy now pay later is always subject to status.
How to buy using Buy now pay later finance options
Usually you will add items to your basket and go to the checkout, at this point you will be asked how you would like to pay
Simply select the Buy Now Pay Later period and ensure you are aware of the date this ends, so you can be totally sure to clear the entire balance before the buy now pay later period ends.
Buy Now pay later is sometimes referred to as BNPL. Buy now pay later allows you order items without upfront or monthly repayments. Remember, deferred interest will be applied if you don’t clear the entire balance before the buy now pay later expiry date.
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